Sebelius asked to explain $2B in Obamacare loans: 'What amount does HHS expect to be repaid?'

 

Several leading GOP members of Congress are asking Health and Human Services Secretary Kathleen Sebelius, under whose watch the Healthcare.gov website rollout has experience one fiasco after another, to explain the $2 billion in taxpayer money loaned to various interests to get health insurance CO-OPs up and running – and whether the taxpayers will get any of that back.

Just when the Obamacare experience appears to be able to go no lower – the website malfunctions, millions of policies are canceled outright, only thousands are able to sign up via online offerings, prices for policies are skyrocketing, and more – come the questions about loans.

“Out of the $1.98 billion awarded to CO-OPs, what amount does HHS expect to be repaid? What is the period of time by which HHS expects these funds to be repaid?” were among the questions presented to Sebelius by Sen. Orrin Hatch, ranking member of the Senate Finance Committee; Sen. Lamar Alexander, ranking member of the Health, Education, Labor and Pensions Committee; Sen. Michael Enzi, ranking member of the Health, Education, Labor, and Pensions Subcommittee on Children and Families; Sen. Tom Coburn, ranking member of the Homeland Security and Government Affairs Committee; and Rep. Charles Boustany Jr., chairman of the House Ways and Means Committee on Oversight.

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